First Trust AAA CMBS ETF (NYSEARCA:CAAA) Short Interest Up 213.2% in June

First Trust AAA CMBS ETF (NYSEARCA:CAAA) saw a significant growth in short interest in June. As of June 30th, there was short interest totaling 30,291 shares, a growth of 213.2% from the June 15th total of 9,673 shares. Based on an average trading volume of 7,604 shares, the days-to-cover ratio is presently 4.0 days. Approximately 1.8% of the company’s shares are short sold.

Hedge Funds Weigh In On First Trust AAA CMBS ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. STAR Financial Bank raised its stake in shares of First Trust AAA CMBS ETF by 27.2% in the 4th quarter. STAR Financial Bank now owns 441,039 shares of the company’s stock valued at $9,041,000 after purchasing an additional 94,432 shares during the period. Kestra Advisory Services LLC acquired a new position in shares of First Trust AAA CMBS ETF during the first quarter worth about $1,744,000. First Trust Advisors LP grew its holdings in shares of First Trust AAA CMBS ETF by 101.1% during the second quarter. First Trust Advisors LP now owns 72,000 shares of the company’s stock worth $1,475,000 after buying an additional 36,192 shares in the last quarter. Platform Technology Partners raised its position in First Trust AAA CMBS ETF by 58.3% in the 1st quarter. Platform Technology Partners now owns 94,307 shares of the company’s stock valued at $1,914,000 after buying an additional 34,737 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in First Trust AAA CMBS ETF in the 1st quarter valued at approximately $435,000.

First Trust AAA CMBS ETF Stock Performance

CAAA traded down $0.02 during trading on Monday, reaching $20.25. The company had a trading volume of 1,623 shares, compared to its average volume of 10,189. First Trust AAA CMBS ETF has a 12 month low of $20.13 and a 12 month high of $20.85. The business’s fifty day moving average price is $20.29 and its 200 day moving average price is $20.40.

First Trust AAA CMBS ETF Company Profile

The First Trust Commercial Mortgage Opportunities ETF (CAAA) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that primarily invests in commercial mortgage-backed securities with a credit rating of AAA. The fund seeks to provide long-term total return CAAA was launched on Feb 27, 2024 and is issued by First Trust.